Establishes a Deferred Retirement Option Program for certain California public safety employees to allow them to remain employed beyond their planned.

The bill creates a Deferred Retirement Option Program for eligible California Public Employees' Retirement System members of State Bargaining Unit 5 (CHP) and State Bargaining Unit 8 (CAL FIRE). This program allows these public safety personnel to remain employed for up to five years beyond their planned retirement date. Participants receive a lump-sum payment of their program account upon termination of employment and retirement from the system. The program is intended to address personnel shortages and retain experienced personnel in public safety agencies.

Establishes a Deferred Retirement Option Program for certain California public safety employees to allow them to remain employed beyond their planned.

The bill creates a Deferred Retirement Option Program for eligible California Public Employees' Retirement System members of State Bargaining Unit 5 (CHP) and State Bargaining Unit 8 (CAL FIRE). This program allows these public safety personnel to remain employed for up to five years beyond their planned retirement date. Participants receive a lump-sum payment of their program account upon termination of employment and retirement from the system. The program is intended to address personnel shortages and retain experienced personnel in public safety agencies.